7 Super Easy Money Saving Tips To Use Now

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Many people think that being frugal with their money means staying home and never spending money or having fun.

Let’s put it this way, if staying home and never spending money are the secrets to saving money, then, a lot of people would be saving a ton of money by now.

The truth is being frugal simply means having a thorough understanding of your finances and knowing how to best spend your money.

Figuring out the right steps to save money sometimes requires you to get some form of assistance. Sometimes, it only takes looking at your finances and spending habits at 10,000 feet view to see what you’re doing right and wrong. Or a combination of both.

Here are some money-saving tips to help you manage your finances.

1. Establish a budget

You can do this by writing down all your monthly income and expenses in a spreadsheet, so you can get a holistic view of your finances. Decide which expenses are necessities and which aren’t, and plan to stick within your necessary expenses each month.

There are also some budgeting apps that can help you get started if the idea of working with a spreadsheet is intimidating.

2. Make money from what you buy… while getting the right decisions

You've likely heard the money making apps like eBates, Swagbucks, and Paribus. If you haven't, they are the apps that can help you money just by shopping the way you normally do.

My wife and I have made more than $5,000 in two years just by running these apps in our smartphone's background (for the most part, that is).

You can also make money from what you buy while getting the right decisions. That's what Spentapp is all about.

My family uses Spentapp and it turned our lives and finances 360 degrees for the better. It automatically analyzes our expenses, identify our money mistakes, and recommends financial decisions, which we use all the time.

With my brother and Spentapp's help, we paid off our $40K debt and saved $70K all in 2.5 years, reduced our grocery bill to $150 for a family of 3, and lived off well under $31,000/year. Now, we have saved over $400,000 because of the decisions we learned from Spentapp. That's our story with Spentapp.

Spentapp is such as a game changer we wish we knew a long time ago. We get the advice we need and make money, too. It's a double win for us. It could be for you as well.

3. Save with a purpose

You’ve likely heard of the importance of saving money each month, but that can be hard to do when you don’t have a goal in mind.

Decide what you want to put your money towards— whether it’s funding emergency savings or putting away for a major purchase, having a clear goal in mind can make saving much easier.

If you need help reaching your savings goal, a better option is to use Qapital. It can help you automatically save money by doing things you already do like riding a bike, cleaning your house, etc. It's a simple idea that has a great impact.

First, you set a goal. For me, it was to save enough to take a Las Vegas trip. I set “rules,” which, when triggered, transfer money into my Qapital account.

For example, if I meet my daily-step goal, $4 is transferred in. Or if I make a purchase of $5.85, the leftover 15 cents is transferred over.

To put things in dollar terms, we saved $6,000 last year towards our goals because of Qapital. We went from having budget headaches to perfecting our budget and saving money.

4. Save automatically

After you’ve given yourself a savings goal, your next step is to start funding your savings account.

If you find it hard to set aside money each month, one of the best things you can do for yourself is to automate your savings.

This ensures that your money continues to grow without you having to worry about putting money away. Doing this, your savings should add up faster than you think.

Automating your savings helps you to take control of your savings goals without actually even trying it.

That's the whole premise with Rize. I decide how much I want to save for each goal, set a deadline, and let Rize do everything from there. It helps me save without me taking a single step and lifting a finger.

An app called Blooom will spot hidden fees, tell you if your portfolio is too aggressive or not, and find out how much you could be missing out on by DIY-ing your 401k.

To put things in perspective, if you have $100,000 invested, you would be paying $690. If that $690/year is invested instead at 15% compounded annually for 20 years, the result would be $73,681.15. Imagine if you have $150K, $200K or some more. Yikes.

6. Save spare change

Tossing your coins into a jar can quickly add up to an emergency or rainy day fund without hurting your wallet.

If you don’t use cash enough to get a lot of spare change, you may be able to take advantage of apps that round up your purchases and put the difference into savings for you.

Aside from Qapitaland Stash, Acorns will roundup your purchases to the nearest dollar and lets you invest for as low as a cent into the stock market. Yes, with just $0.01, you can invest to 7,000 stocks while minimizing your invest risk.

Acorns will also give you cash back offers far higher than those from the biggest cash back sites out there. Plus, you get $5 bonus if you sign up using my link. These are just remarkable.

Allan is a recognized personal finance expert and founder of The Practical Saver. His expertise has been featured in Business Insider, MSN, U.S. News and World Report, Yahoo Finance, NerdWallet, GoBankingRates, AOL Finance, CreditCards.com, HuffPost, Debt.com, Zillow, and Mass Mutual. Read more

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About Allan Liwanag

Allan is a recognized personal finance expert and founder of The Practical Saver. He paid off his $40K and saved $70K, at the same, in 2.5 years under $39K/year salary.

His expertise has been featured in Business Insider, MSN, U.S. News and World Report, Yahoo Finance, NerdWallet, GoBankingRates, AOL Finance, CreditCards.com, HuffPost, Debt.com, Zillow, Mass Mutual, and various local media outlets. Read more

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I am Allan Liwanag – The Master of Practicality. My family was indebted for $40K in 2013. Five years forward, we have saved more than $400K. We did that with trick-less, simple, effective money management that most people tend to overlook.